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and what's happening here? >> an announcement has been confirmed from the vatican. pope benedict is due to resign on february 28th. apparently he spoke in latin this morning and announced this move. we don't yet know why. there have been a number of stories surrounding it. he is going to resign. the vatican spokesman has confirmed that in the last five minutes or so. february the 28th is going to be the date. now, i have just been doing some digging. the last time a pope resigned might have been way back in 1415. clearly, unprecedented in modern times and we'll have to wait and see what the reasons will be given. there is going to be a press conference at 11:30 g. so, in other words, 27 memberships from now there will be a press conference from the vatican to outline exactly what's going to happen and maybe the biggest question to be answered is why is the pope going to stand down? and if he does, how will they choose the replacement and in what types of time scale? interesting, of course, is the timing of this is before easter, but it's just a few days after the italian election webs w
. affymax are recalling all of their anemia drug omontys in the united states. and pope benedict will step down this week. today the vatican announced he has changed the rules of the conclave that will elect his successor allowing cardinals to move up the start date before the usual 15-day transition between pontiff -- between popes. >> thanks, beck. the expiration of some serious spending cuts are just days away. despite the summit and the bills to help squelch the drastic cuts no compromise is seen. and yet roger altman is chairman and founder of evercore partner and former deputy treasury secretary. good morning, roger. >> hey, joe. >> trying to figure out how to approach this with you. it's -- discretionary is not our problem. and we already sort of snow that. and there are those -- >> well i'm not sure everybody knows that. but i agree with you. >> yeah. and entitlements are the big issue. and 85 billion when you look at the growth of the federal budget, you know we're really. it's still going to grow. we're going to cut it a little. i can't imagine that you or people in your camp thi
Search Results 0 to 1 of about 2